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20130615
20130623
Search Results 0 to 4 of about 5 (some duplicates have been removed)
the economy looks like it's on the mend. so, take a look at these numbers. the economy is expected to grow by at least 3% next year. unemployment could drop as low as 6.5% by next year. it's all looking like better news. but on the flipside, interest rates are moving higher, which means that the cost of buying a home or buying even a car could go up. so, take a look at this. every time that mortgage rates go up just 1%, the cost of buying a home gets 10% more expensive. that could deter a lot of buyers. and of course, higher interest rates, they do benefit some people like savers and retirees living off bank accounts and cds. so, it's some good news for those living on a fixed income, josh. >> indeed it is. rebecca jarvis, thank you for that. >>> we're going to turn to the firefight in the west. at last check, that fast-moving wildfire north of phoenix is 0% contained. you see pictures of it there. nearly 500 homes are threatened. and another wildfire has erupted in colorado. this one southwest of denver. those hot and windy conditions are fueling the flames. sam's forecast coming up in a
of the volatility is the result of good news. the 350-point plunge comes just as the government says the economy is getting better. everything from housing to jobs, to consumer spending, all showing improvement. so, why would wall street run scared from such good news? experts say, it's all because fed chair ben bernanke, basically our country's banker in chief, now wants to take the training wheels off our economy. saying because things are looking up, it's time to dial back on trillions of dollars the fed's been pouring into the markets. >> we've had training wheels on for quite some time now. and now, we're getting word that they're going to have to come off slowly. and we have to see if we can ride this bike on our own. >> reporter: but riding without that help means the cost of borrowing money to do everything from buying a house to starting a business is going up. and that spooks the stock market. and staying on that training wheels theme, traders here on wall street aren't afraid we're going to crash into a wall when the wheels come off. what they're concerned about is things could get wo
analysts say is needed to keep the economy growing. the decision will be announced by chairman ben bernanke this afternoon. there's already evidence that the recent spike in mortgage rates is hurting the housing market. >>> and after defying the government regulators, chrysler now says it will recall some older model jeeps with gas tanks that can rupture and cause fires in rear-end crashes. but it's recalling only about half of the nearly 3 million jeeps the government wanted repaired. and as a fix, the company is offering to install trailer hitches to absorb the impact of a crash. now recalled models include the 1993 to 1998 jeep grand cherokee and jeep liberty from 2002 to 2007. >>> and finally, not sure if yogi berra played basketball. but we feel pretty good about quoting him this morning. spurs/heat last night proved, it ain't over until it's over. >> game over! there will be a game seven! >> reporter: it was simply epic. the defending champion miami heat held off the san antonio spurs, 103-100, in game six of the nba finals. >> we defended at a higher level and it allowed us to get ba
'll stop. >> reporter: counterfits currently cost the economy $250 billion a year and 750,000 jobs. >> if counterfeiting were a business, it would be the largest enterprise in the world. twice the size of walmart. >> these are the real bags. these are the fake bags. how would i know? >> dead giveaway. this is the louis vuitton speedy bag. the speedy bags, the authentic speedy bags are made with one piece of canvas. if it's one piece of leather this part would be right side up, but the back because it goes up should be upside down so that's the dead giveaway. >> how much is this? >> this today i do 32. >> wow, that's a great price. >> yeah. >> reporter: i went down to canal street to see how easy it is to purchase one of these knockoffs. while this man was actually trying to sell us one of his illegal louis, even informed me of the new bill. >> they wanted to make a law that makes it illegal. >> so i would get it trouble. >> not now. it's very hard because most people don't want it because you know they want to enjoy the option to get it on the black market. >> reporter: the price p
Search Results 0 to 4 of about 5 (some duplicates have been removed)